A multi-pillar initiative designed to modernize public finance, empower MSMEs, and integrate sustainable investment into Libya’s national strategy.
In a landmark move for the region’s economic stability, the European Union, the Ministry of Finance of Libya, and Expertise France today officially inaugurated Invest4Libya. This ambitious initiative represents a systemic shift in how Libya manages its wealth and nurtures its talent, aiming to bridge the gap between high-level policy reform and the street-level entrepreneurial spirit.
Funded primarily by the EU with additional support from the French government, the project adopts a holistic approach. It acknowledges that a thriving private sector is impossible without transparent public spending and modern financial markets.
The project is structured around three foundational areas designed to create a virtuous cycle of governance and growth:
| Pillar | Focus Area | Key Partners |
| PFM Reform | Improving fiscal transparency, spending efficiency, and accountability. | Ministry of Finance, Audit Bureau |
| Financial Modernization | Promoting financial inclusion and integrating digital/green finance. | Central Bank of Libya, Ministry of Planning |
| MSME Support | Empowering incubators/accelerators and linking startups to investors. | Ministry of Economy, Business Incubators |
A unique feature of Invest4Libya is its explicit focus on the Green and Digital Transition. By removing regulatory bottlenecks and empowering local accelerators, the project aims to unlock Libya’s potential in:
- Modernizing the economy through tech-driven startups and e-governance.
- Incentivizing eco-friendly business models and sustainable resource management.
- Ensuring that the Ministry of Environment and the Ministry of Higher Education work in tandem with financial regulators.
“Invest4Libya represents an important step in advancing public financial management and strengthening Libya’s economic foundations. We value our partnership with the EU and look forward to the positive outcomes this collaboration will bring.” — H.E. Dr. Khaled Almbarouk, Minister of Finance.
“Creating a strong investment environment is essential for economic recovery. By supporting reforms in public finance and improving conditions for investment, this project reaffirms the EU’s dedication to empowering the Libyan private sector.” — H.E. Mr. Nicola Orlando, EU Ambassador to Libya
